Foley: Used Jet Market Nearing Bottom

 - March 31, 2009, 6:21 AM

Business aviation investor consultant Brian Foley Associates is seeing signs that the pre-owned business jet market could bottom out as early as this summer. “That’s not to say there’ll be an immediate decrease, just that [pre-owned inventory] won’t get much higher,” noted company president Brian Foley. “At the peak, inventory levels will meander for a few months before falling somewhat by year-end.” However, he said, nearly one in five of the world’s active business jet fleet will be up for sale, meaning the pre-owned inventory levels will be twice that considered normal. Foley also predicts that used prices will continue to drop after the inventory peak and then trough near year-end.